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MLS: 669291
Asking Price: $589,000 Fee Simple
Sold Price: $550,000
Sold Date: 05/19/2023
Type: Land/Residential Condo
District: Kawaihau
Street: Olohena, Hauiki, Kaapuni
Neighborhood: Kulana Subdivision
Style: Vacant
Land Area: 2.11 Acres
Days on Market: 392
Zoning: A
Roads: County,Private,Paved
Land Recorded: Regular
Property Taxes: $1,736
Assessed Value: $479,800
Assessed Ratio: 122.76%
Listing Courtesy: eXp Realty
Terms Acceptable: Cash,Conventional
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Great rim lot with mountain and distant ocean views.

Welcome to Kulana, Kauai's exclusive agricultural condominium project of 100 home-sites covering approximately 400 acres. Unit 1 is ideally located on a rim, an elevated building site with mountain and distant ocean views. Kulana community amenities include a recreational lake, many acres of open space, and many other natural areas that are located throughout Kulana. This is a paradise for runners, joggers, cyclists, and horse lovers. Located less than a mile and a half from downtown Kapaa makes shopping, access to beaches, and restaurants very convenient.
Each home site has the right to build an agricultural building that could be used as a stable or for many other applications. Underground utilities, design guidelines and community covenants provide assurance of beauty and value for the future. The home sites were strategically located by the Developer to maximize views, privacy, and spacing. Latest update: Today, 10/11/22, the Kauai Planning Commission approved all three Kulana-related subdivisions. Values of the Kulana properties may rise following receipt of subdivision approval and the ability to obtain a building permit. Now may be the ideal time to look at the Kulana project as an investment or your future homesite. There are roughly 20 advanced disclosure documents, prepared by the Seller. Seller requests that these documents be reviewed by client and agent prior to the submission of any Purchase Contract. Dept. of Water Facilities Reserve charge of approximately $5000 needs to be paid by Buyer to have meter installed when active water service is desired.

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